Monthly Archives: March 2014

State’s robust recovery outpaces nation, aids workers

  By Marcia Heroux Pounds. Florida’s economy in 2014 is now leading the nation in job growth and overall recovery despite once being a straggler behind other states, a prominent University of Central Florida economist said in his first quarter …

Southwest Florida home sales stay strong

By Josh Salman. Homes in Southwest Florida continued to sell at pre-recession levels in February, with more gains expected for peak season this spring. Existing home sales in the region rose from the start of the year and nearly kept pace …

Leading Index Rises More Than Forecast Signaling U.S. Pickup

By Jeanna Smialek. The index of U.S. leading indicators rose more than forecast in February, a sign the world’s largest economy will strengthen after a weather-induced slowdown in the first quarter. The Conference Board’s gauge of the outlook for the next …

4 million homeowners climb out of negative equity

By Kenneth R. Harney. More owners transitioned from negative equity into positive territory last year, a good sign for the economy overall. But many remain underwater on their mortgages. WASHINGTON — The economy may be growing at a frustratingly slow …

Florida leads nation in ‘zombie foreclosures,’ RealtyTrac says

By Brian Bandell. For those who’ve noticed home after home in Florida of overgrown grass, dirty pools and dark windows at night, you’re not seeing the end of the world. It’s just Florida’s zombie foreclosure apocalypse. RealtyTrac considers a “zombie foreclosure” when …

Live music permit approved for Alto jazz club — for now

By AISLING SWIFT. NAPLES — A battle over noise and music floating up into posh Bayfront condominiums was averted Wednesday after Bayfront’s condominium association presented Naples City Council with a compromise. The condo board didn’t want to hurt business at Alto …

It’s Your Business: Bill with corporate income tax exemption moves ahead

Staff Reports Legislation that would exempt more than 2,100 businesses from paying corporate income taxes passed unanimously Wednesday out of its first committee stop. Currently, state law exempts a company’s first $50,000 in income from paying the 5.5 percent corporate …

CoreLogic study shows double-digit increase in Southwest Florida housing prices

By JUNE FLETCHER NAPLES — Blizzards and flippers have flipped the country’s top-performing housing markets this winter, benefiting Southwest Florida. While major cold-weather markets like New York, Minneapolis and Washington, D.C., all weathered the economic recession, they’re now being outpaced by …